IKHLAAS: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
IKHLAAS
Largest movements
- Cash +€10,961
up €10,961 (+6.1%), from €178,745 to €189,706
mainly Net result for the year (+€6,382) and Depreciation (+€5,867)
- Profit (loss) carried forward +€6,382
up €6,382 (+1.2%), from €544,798 to €551,180
- Gross operating margin -€6,359
down €6,359 (-29.8%), from €21,356 to €14,997
- Taxes -€367
down €367 (-65.3%), from €562 to €195
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €611,812 | €617,930 | +€6,118 | +1.0% |
| Fixed assets | 21/28 | €173,067 | €167,200 | -€5,867 | -3.4% |
| Tangible fixed assets | 22/27 | €173,067 | €167,200 | -€5,867 | -3.4% |
| Land and buildings | 22 | €173,067 | €167,200 | -€5,867 | -3.4% |
| Current assets | 29/58 | €438,745 | €450,730 | +€11,985 | +2.7% |
| Amounts receivable within one year | 40/41 | €260,000 | €261,024 | +€1,024 | +0.4% |
| Trade receivables | 40 | - | €1,024 | +€1,024 | |
| Other amounts receivable | 41 | €260,000 | €260,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €178,745 | €189,706 | +€10,961 | +6.1% |
| Total equity and liabilities | 10/49 | €611,812 | €617,930 | +€6,118 | +1.0% |
| Equity | 10/15 | €544,798 | €551,180 | +€6,382 | +1.2% |
| Profit (loss) carried forward | 14 | €544,798 | €551,180 | +€6,382 | +1.2% |
| Amounts payable | 17/49 | €67,014 | €66,750 | -€264 | -0.4% |
| Amounts payable within one year | 42/48 | €67,014 | €66,750 | -€264 | -0.4% |
| Trade debts | 44 | €264 | - | -€264 | |
| Suppliers | 440/4 | €264 | - | -€264 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,867 | €5,867 | = | 0.0% |
| Other operating charges | 640/8 | €2,282 | €2,354 | +€72 | +3.2% |
| Gross operating margin | 9900 | €21,356 | €14,997 | -€6,359 | -29.8% |
| Operating profit (loss) | 9901 | €13,207 | €6,777 | -€6,431 | -48.7% |
| Financial charges | 65/66B | €68 | €200 | +€132 | +195.3% |
| Recurring financial charges | 65 | €68 | €200 | +€132 | +195.3% |
| Profit (loss) for the period before taxes | 9903 | €13,140 | €6,577 | -€6,563 | -49.9% |
| Income taxes | 67/77 | €562 | €195 | -€367 | -65.3% |
| Profit (loss) for the period | 9904 | €12,578 | €6,382 | -€6,196 | -49.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,578 | €6,382 | -€6,196 | -49.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.